145 is proving to be very strong resistance for the USD/JPY pair. Here we can see the development of a Diamond shape on the 1H which typically signals a trend reversal. Additionally, we can see a Head & Shoulders pattern, further strengthening our bearish bias. I have opened a short here and I’m looking for a multi-day swing down to 142 and possibly 140.
Not financial advice, please trade responsibly!
Not financial advice, please trade responsibly!